Richline Group acquires Rio Grande

The Richline Group Inc. has acquired Rio Grande and its Neutec branded equipment from The Bell Group Inc. beginning January 1, 2013. The Richline Group observes Rio Grande as essential and a ‘strategic addition’ for its line of brands and that Rio offers a good product portfolio, healthy long-term client relations and qualified people.

As per the take over, Rio Grande's president, Alan Bell, and executive vice president, Molly Bell, will continue to hold their executive roles and oversee the company, reports say. Eddie Bell will continue to lead the Santa Fe Symposium and Neutec, reports add.